{"id":164901,"date":"2022-10-06T05:37:52","date_gmt":"2022-10-06T05:37:52","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164901"},"modified":"2022-10-06T05:37:52","modified_gmt":"2022-10-06T05:37:52","slug":"eos-price-analysis-bulls-aim-push-to-1-30-or-higher","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-bulls-aim-push-to-1-30-or-higher\/","title":{"rendered":"EOS Price Analysis: Bulls Aim Push To $1.30 or Higher"},"content":{"rendered":"
EOS price is struggling below $1.25 against the US Dollar, similar to bitcoin. The price could start a fresh surge if it clears the $1.20 and $1.22 resistance levels.<\/em><\/p>\n This past week, EOS price started a fresh decline from the $1.25 zone against the US Dollar. The price traded below the $1.20 and $1.18 levels to enter a bearish zone.<\/p>\n The price broke the $1.16 support zone and the 55 simple moving average (4-hours). The recent low was formed near $1.15 and the price is now correcting higher. There was a minor increase above the $1.17 level. There was a move above the 23.6% Fib retracement level of the downward move from the $1.382 swing high to $1.1028 low.<\/p>\n The price is now now trading just above $1.18 and the 55 simple moving average (4-hours). On the upside, an immediate resistance is near the $1.200 level.<\/p>\n There is also a major contracting triangle forming with resistance near $1.200 on the 4-hours chart of the EOS\/USD pair. The next major resistance is near $1.22, above which it could test $1.24. It near the 50% Fib retracement level of the downward move from the $1.382 swing high to $1.1028 low.<\/p>\n Any more gains might send the price towards the $1.30 level. On the downside, an immediate support is near the $1.170. The next key support is near the $1.150 level. If there is a downside break below the $1.150 support, the price could test the $1.10 support.<\/p>\n <\/p>\n EOS<\/p>\n Looking at the chart, EOS price is now trading just above the $1.18 level and the 55 simple moving average (4-hours). Overall, the price could start a fresh increase if it clears the $1.20 and $1.22 resistance levels.<\/p>\n 4-hours MACD \u2013 The MACD for EOS\/USD is gaining pace in the bullish zone.<\/p>\n 4-hours RSI (Relative Strength Index) \u2013 The RSI is now above the 50 level.<\/p>\n Major Support Levels \u2013 $1.170 and $1.110.<\/p>\n Major Resistance Levels \u2013 $1.20 and $1.22.<\/p>\nEOS Price Analysis<\/h2>\n
Technical indicators<\/h2>\n